Near is a Proof-of-Stake blockchain, a decentralized development platform designed to provide an ideal environment for Daps, overcoming some of the limitations of competing systems (for example, low bandwidth, low speed and poor cross-compatibility). In addition, according to the creators, the application on Near can be launched in 5 minutes.

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NEAR combines both monolithic and modular blockchain scaling. 

NEAR is also the only full stack monolithic chain, offering maximum throughput with minimal overhead and seamless composability across all layers for applications. 

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